It’s a budget with a surprise tax cut, so there must be an election coming up. 

Today, Laura Tingle, political editor for the ABC’s 7.30 program tells us the new tax cut is the world’s biggest ‘neon sign’, giving the Labor government a selling point for its fourth budget. 

She says there are a few things working politically for the prime minister at the moment as the Coalition ‘implodes’.

But everything can change in the upcoming election campaign. 

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Laura Tingle, 7.30 political editor